Exhibit 3 Macro AD-AS Model In Exhibit 3, the level of real GDP represented by Y_p: A)is potential real GDP for this economy. B)indicates that the economy is experiencing zero inflation. C)indicates that the economy is experiencing a recessionary gap. D)would be associated with considerable unemployment.

Question

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The Answer of Exhibit 3 Macro AD-AS Model In Exhibit 3, the level of real GDP represented by Y_p: A)is potential real GDP for this economy. B)indicates that the economy is experiencing zero inflation. C)indicates that the economy is experiencing a recessionary gap. D)would be associated with considerable unemployment.

Exhibit 3 Macro AD-AS Model in Exhibit 3